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...because of Sundance's size and celebrity attention, it has become less of a place where distributors can find unknown works. Recent indie sensation Paranormal Activity, in fact, had its premiere at the Slamdance Film Festival, which was founded by four Sundance rejects in 1995 and takes place in Park City at the same time. Paranormal Activity was made for $11,000, was picked up by Paramount and made more than $123 million at the box office. (See the top 10 movie performances...
Fearing regulation, financial firms are eager to prove they can police their own pay policies. At a recent Washington hearing into the causes of the financial crisis, executives from four top banks all cited recently instituted clawback provisions as evidence the firms had reformed the pay practices that many believe were at the root of the financial crisis. Clawback provisions are at the heart of that effort. While companies have always had the right to sue employees for ill-gotten gains, more firms are adding provisions to reclaim pay not just for illegal behavior, but poor decisions. And they...
Clawbacks are catching on in other industries. A recent study by executive compensation research firm Equilar found that nearly 73% of Fortune 100 companies now had clawback provisions in their executive pay packages, up from just under...
Stiglitz participated in a question-and-answer session with J. Cullen Murphy Jr., the editor-at-large at Vanity Fair, as part of a book tour promoting his recent release on the financial crisis titled “Freefall: America, Free Markets, and the Sinking of the World Economy...
...have been worse. According to one of the hotel's security officials, the driver of the suicide vehicle was shot before he could reach the front of the Hamra. The white minibus was apparently detonated remotely, an insurgent fail-safe that adds credence to the fears that the most recent of the coordinated car-bomb attackers are showing increasing sophistication. As the crowd of witnesses and Iraqi rescue workers grew, Iraqi police attempted to interdict the journalists. "Let them take pictures," a woman in a black abaya, dusty with debris, yelled at the cops. "Let the world see what...